N.Y. Fed's Chief Backs Preemptive Crisis Moves: Fed Should Get Ahead Of Asset Bubbles, - Congoo

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N.Y. Fed's Chief Backs Preemptive Crisis Moves: Fed Should Get Ahead of Asset Bubbles,

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Washington Post | July 04, 2009

The Federal Reserve should break with past policy and try to identify and deflate asset bubbles before they can damage the U.S. economy, New York Federal Reserve President William C. Dudley said. While interest-rate policy may not be the appropriate tool for popping bubbles, Fed officials have 'othe...

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